According to CoinMeta, as reported by Coindesk, the DeFi platform has indefinitely suspended consumer applications and shifted to a B2B2C model, targeting enterprises such as Robinhood. The $200 million treasury of Robinhood Earn is operated on Morpho, and Spark serves as one of the three main sources of collateral, allowing access to retail deposits without the need to own applications or customer relationships. Spark's annual revenue decreased from $80 million during the bull market to $20 million during the bear market, while the outstanding balance of its loan business is $260 million, with a goal of reaching $1 billion by the end of the year. Spark deployed stablecoin exchanges for liquidity in Uniswap V4, with approximately $1.5 billion in transaction volume in the first month, accounting for 30% of the total exchange volume between stablecoins.